Current Business Affairs Global Packaging Robot Market 2018

Global Packaging Robot Market Trends, Analysis, and Forecast To 2025
The global packaging robot market was estimated as USD 1.42 billion in 2015 and is expected to grow significantly with a
CAGR of over 13% over the forecast period. Growing manufacturing sector, rising automation in packaging industry are
expected to be the key factors driving the global packaging robot market. Moreover, continuous development in
robotics technology, and constant growth in retail and e-commerce sector will also influenced packaging robot industry
positively.
Increasing demand for technology for packaging efficiency, rising need for automation in industries and improved supply
chain process will influenced the industry demand positively. Furthermore, growing manufacturing industries and
requirement for advanced technology for decreasing the delivery time is projected to create lucrative opportunities for
the packaging robot industry.
Packaging robots are automated control and versatile machine designed for prompt delivery of products, and primary &
secondary packaging. The markets have a wide range of robot sizes, payload, mounting options, and reachability. Few
factors associated with packaging robots are labor cost reduction, reduced packaging time, and ability to lift bulky
packages. Growing urbanization coupled with increasing disposable income has escalated the adoption of packaging
robot across several industries such as sports, healthcare, FMCG. Though, high capital investment is a major challenge
for market players.
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The global market is segmented based on application and end-user. Based on application, the market is segmented as
picking, packing, palletizing, and gripper. Packing segment is further segmented as Case Packing, Tray Packing, and
Filling. Palletizing segment is also bifurcated as Case Palletizing, Bag Palletizing, and De-palletizing, while gripper
segment is divided as Claw, Clamp, and Vacuum. On the basis of end-user, the market is segmented as food and
beverages, consumer products, tracking and logistics, pharmaceuticals, chemicals, industrial packaging industry, and
electronics and semiconductor industry.
Picking Robots are estimated to grow with higher CAGR
Picking and packing robots are expected to witness substantial growth over the forecast period owing to rapidly growing
e-commerce sector. The sector primarily employs picking robots for processing an order with reduced time and
enhanced efficiency. As a result, automation in the processes improves the efficiency and cost effective.
Increasing application of automation in e-commerce, food & beverage, automotive and healthcare for increasing the
process efficiency and meeting the requirements. Growth in industrialization and increasing need for automation for
reducing costs and waste and enhancing the production efficiency is also positively influencing the industry. Electronics
and semiconductor industry is projected to hold the major share in the end-user segment. The industry focusses on high
precision ensuring the product quality and increased safety. Growing adoption of electronic product such as
refrigerators, televisions, laptops, and washing machine has indirectly impact the industry demand positively.
China Maintaining Asia Pacific as most lucrative region for the market